Vista Outdoor (NYSE:VSTO) Earns Buy Rating from Roth Mkm

Roth Mkm reiterated their buy rating on shares of Vista Outdoor (NYSE:VSTO) in a report released on Wednesday, Benzinga reports. They currently have a $40.00 target price on the stock.

Several other analysts also recently commented on the stock. StockNews.com initiated coverage on shares of Vista Outdoor in a research report on Monday, June 24th. They issued a buy rating for the company. Monness Crespi & Hardt boosted their target price on shares of Vista Outdoor from $37.00 to $41.00 and gave the stock a buy rating in a research report on Friday, May 10th. Roth Capital raised shares of Vista Outdoor from a neutral rating to a buy rating in a research report on Thursday, April 4th. Finally, Lake Street Capital downgraded shares of Vista Outdoor from a buy rating to a hold rating and boosted their target price for the stock from $33.00 to $37.00 in a research report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $39.33.

Vista Outdoor Stock Performance

Shares of VSTO opened at $37.64 on Wednesday. The company’s 50 day moving average price is $35.05 and its 200 day moving average price is $32.11. Vista Outdoor has a 52 week low of $23.33 and a 52 week high of $37.79. The company has a market capitalization of $2.20 billion, a PE ratio of -342.18 and a beta of 0.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.21 and a current ratio of 2.79.

Vista Outdoor (NYSE:VSTO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.03. Vista Outdoor had a negative net margin of 0.20% and a positive return on equity of 19.75%. The firm had revenue of $693.67 million for the quarter, compared to the consensus estimate of $701.43 million. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm’s revenue was down 6.4% on a year-over-year basis. Research analysts expect that Vista Outdoor will post 3.99 EPS for the current fiscal year.

Institutional Trading of Vista Outdoor

Several large investors have recently modified their holdings of the company. Ancora Advisors LLC raised its stake in Vista Outdoor by 162.5% during the 3rd quarter. Ancora Advisors LLC now owns 1,575 shares of the company’s stock valued at $52,000 after purchasing an additional 975 shares during the last quarter. Priebe Wealth Holdings LLC acquired a new position in Vista Outdoor during the 1st quarter valued at $203,000. Purus Wealth Management LLC acquired a new position in shares of Vista Outdoor in the 1st quarter valued at $204,000. Paloma Partners Management Co acquired a new position in shares of Vista Outdoor in the 1st quarter valued at $246,000. Finally, Kennedy Capital Management LLC raised its stake in shares of Vista Outdoor by 3.7% in the 1st quarter. Kennedy Capital Management LLC now owns 9,379 shares of the company’s stock valued at $307,000 after buying an additional 333 shares in the last quarter. 90.51% of the stock is owned by institutional investors.

About Vista Outdoor

Vista Outdoor Inc designs, manufactures, and markets outdoor recreation and shooting sports products. in the United States and internationally. The company operates through two segments, Sporting Products and Outdoor Products. The Sporting Products segment designs, develops, manufactures, and distributes ammunitions, components, and related equipment and accessories for hunters, recreational shooters, federal and local law enforcement agencies, and military.